Exercise 12-8 Calculating ROI-SEE TEXTBOOK PAGE 12-29 For iscal year 2020. LaundryMate Products had income as follows. $55,000,000 Sales Less Cost of goods sold Selling and administrative expense Interest expense Income before taxes Less income taxes Net Income $38,400,000 5,700,000 1,000,000 45,100,000 9,900,000 1,980,000 $17.920.000 Other pertinent information for 2020 follows: Total assets Noninterest-bearing current liabilities Required rate of return on invested capital 397,000,000 3,200,000 10% Required Calculate NOPAT Invested capital and ROI for LaundryMate Products income tax rate NOPAT + [ * Invested capital ROI Comment on the company's profitability Wrap Consider the following after you have completed the requirements of E12-8 above. Suppose Laundry Mate Products had 511,000,000 of fully depreciated equipment of which it decided to dispose Calculate Rotater the deposal of the equipment NOPAT Adjusted invested capital We wRoi What incentives might a manager have to dispose of assets